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The installed photovoltaic capacity in was 4257 MW as of 30 September 2022. The state is planning to add 10,050 MW solar power capacity to provide power supply to the farming sector during the day time. The state has also offered five Ultra Mega Solar Power Projects with a total capacity of 12,200 MW to developers under renewable power export policy outside the state. An. Solar capacity will reach 132 GW by March 2026, with 91 GW installed by September 2024. ICRA said it expects annual solar additions of 22 GW in 2025 and 27.5 GW in 2026. [pdf]
The IEA further predicts that by 2030, solar energy will account for as much as 18% of the electricity generated in India. India’s renewable energy push has been accelerating over the years, and it recently crossed the 70,000 MW mark in installed solar power capacity.
Government has taken several steps for promotion of solar energy in the country. These include: Standard Bidding Guidelines for tariff based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.
The Government of India in June 2015 revised the target of installation of renewable energy capacity to 175 GW till 2022, comprising 100 GW solar capacity, including 40 GW of rooftop solar systems. The National Solar Mission adopted the process of inviting tarif-based bids for grid-connected solar power projects.
India plans to more than double its electricity generation capacity from 399.5 GW in 2022 to approximately 849 GW by 2032. The NEP14 emphasizes a robust focus on renewable energy, particularly solar power, which is projected to grow from 66.78 GW in 2023 to 366 GW by 2032, constituting half of the total growth.
"Floating solar energy transforming India into a greener nation". ETEnergyworld.com. Retrieved 31 October 2018. ^ Zipp, Kathie (15 February 2017). "Solar floats in the sunshine state". Solar Power World. Retrieved 1 March 2017. ^ "Green Power Island: A blue battery for green energy". Gottlieb Paludan Architects. 2009. Retrieved 13 July 2015.
Another critical initiative underlining India's commitment to solar energy is the Solar Park Scheme, designed to establish 50 Solar Parks of 500 MW and above with a cumulative capacity of ~38 GW by 2025-26.
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